| 【Sector Research】Software & IT Services - Broad recovery, a selective opportunity |
| 【Sector Research】Consumer Staples - Cosmetics e-commerce tracker: Softer Sep growth; MGP and Forest Cabin stand out |
| 【Sector Research】Capital Goods - Decent export growth of earth-moving machinery in Sep; Domestic excavator sales improved |
| 【Sector Research】Consumer - Holiday spending: modest momentum, resilient services |
| 【行业研究】软件 & IT服务 - 在共识中寻新机 |
| 【Company Research】Tuhu Car (9690 HK) - Global expansion via accretive mycar acquisition |
| 【Sector Research】China Insurance - 1-8M26: Weak sales momentum persisted in Life and P&C auto insurance |
| 【Sector Research】Consumer - Bi-weekly flow monitor: southbound hits YTD high, two-way crowding spreads to sportswear |
| 【行业研究】互联网 & 软件 & 半导体 - 北京调研总结：算力端需求旺盛，AI应用迅速起量 |
| 【公司研究】海西新药 (2637 HK) - 口服眼底病药物展现积极的I/II期临床数据 |
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